Oppenheimer Asset Management Inc. Sells 11,808 Shares of Barclays PLC (NYSE:BCS)

Oppenheimer Asset Management Inc. lessened its holdings in Barclays PLC (NYSE:BCS) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 334,897 shares of the financial services provider’s stock after selling 11,808 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Barclays were worth $4,451,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ABC Arbitrage SA purchased a new stake in Barclays during the fourth quarter worth about $21,514,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Barclays during the 4th quarter worth approximately $599,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Barclays by 3,073.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock worth $9,052,000 after purchasing an additional 667,687 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Barclays in the third quarter valued at approximately $3,647,000. Finally, Dorsey Wright & Associates bought a new position in Barclays during the third quarter valued at $3,276,000. 3.39% of the stock is owned by institutional investors.

Barclays Price Performance

Shares of NYSE:BCS opened at $15.87 on Friday. The firm has a market capitalization of $57.20 billion, a PE ratio of 8.62, a P/E/G ratio of 0.39 and a beta of 1.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. The company has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $13.19. Barclays PLC has a twelve month low of $8.37 and a twelve month high of $16.02.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. Equities analysts forecast that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, February 28th will be issued a $0.2737 dividend. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. The ex-dividend date is Friday, February 28th. Barclays’s dividend payout ratio (DPR) is presently 28.80%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a research note on Thursday.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.